Japan's Financial Services Agency officially designates specific foreign-issued stablecoins as electronic payment methods, effective from June 1

Odaily reported that on May 19, Japan's Financial Services Agency (FSA) published the revised "Cabinet Office Ordinance on Electronic Payment Instrument Trading Service Providers," clarifying that trust beneficiary rights established under foreign laws with equivalence to Japan's system will be included in the scope of electronic payment instruments under Japan's Payment Services Act. This provides a legal basis for the compliant circulation of specific foreign-issued trust-type stablecoins within Japan. The new regulation will take effect on June 1, 2026, and also specifies that such foreign trust beneficiary rights are not deemed securities under the Financial Instruments and Exchange Act.